UNSPSC 64102007: Basic investment account

An investment account that is owned by an individual investor and looked after by the investor.

UNSPSC 64102007 Basic investment account is a Commodity code that captures state and local government procurement of investment advisory, administration, and management services for public funds, endowments, pension plans, revolving loan funds, and short-term borrowing programs. Recent opportunities show state and local issuing bodies engaging specialized financial intermediaries and investment advisors to oversee portfolios ranging from $11 million endowment funds to $58 billion local government investment pools, with services spanning non-discretionary portfolio management, fiduciary consulting, investment policy development, performance reporting, and fund administration. Issuers include state housing finance commissions, county treasurers, city finance departments, transit authorities, retirement systems, municipal utilities, junior colleges, and special-purpose districts. The market draws both large established investment advisory firms with SEC registration and specialized intermediaries (Community Development Financial Institutions, venture capital partners, arbitrage consultants, secondary market brokers). Geographic activity spans Texas, Florida, Washington, California, Georgia, Illinois, Oregon, and Mississippi, with Texas showing the highest recent activity volume across multiple city, county, and state-level procurements.

Representative recent opportunities illustrate the code's scope: the Washington State Housing Finance Commission issued RFP 202609ADM (responses due November 2, 2026) seeking a CDFI or mission-aligned intermediary to administer a $10 million Affordable Homeownership Revolving Construction Catalyst Fund, managing predevelopment and construction financing for nonprofit homeownership developers across multiple counties; the City of Milpitas released RFP 26262 (responses due September 24, 2026) for investment advisory services across two separately evaluated packages—comprehensive portfolio management of $265.4 million in City securities and Section 115 Retirement Trust administration of $46 million—with a five-year initial term and two one-year renewal options; the Teacher Retirement System of Texas issued RFQ No. 26-15426-001 (responses due August 11, 2026) for public equity investment advisory services restricted to SEC-registered firms with comparable strategy experience, evaluated on tracking error, information ratio, and portfolio fit; Brazos River Authority posted RFP 26-1396 (responses due August 31, 2026) for non-discretionary investment management and accounting services for approximately $170 million in public funds; and the City of Dallas solicited Commercial Paper Liquidity Provider services under BEZ2600030089 (responses due May 22, 2026) for three capital programs totaling up to $775 million in authorization, requiring minimum five years' business experience and SBE participation under the City's DRIVE program. RFPs dominate the notice type, with most contracts structured as multi-year initial terms (typically three to seven years) plus optional renewal periods, evaluation based on best-value rather than lowest-cost, and mandatory compliance with state investment acts (Texas PFIA, Florida statutes), fiduciary standards, and professional liability insurance minimums of $1 million to $3 million per occurrence.